1 / 8

Characterizing Virtues in Finance Alejo José G. Sison, Ignacio Ferrero and Gregorio Guitián

Characterizing Virtues in Finance Alejo José G. Sison, Ignacio Ferrero and Gregorio Guitián. I. Introduction II. Aristotle: Context and Limits in Finance III. Finance within the Catholic Social Teaching (CST) Frame IV. MacIntyre and the Characterization of Virtues in Finance V. Conclusion.

kholton
Download Presentation

Characterizing Virtues in Finance Alejo José G. Sison, Ignacio Ferrero and Gregorio Guitián

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Characterizing Virtues in Finance Alejo José G. Sison, Ignacio Ferrero and Gregorio Guitián

  2. I. Introduction II. Aristotle: Context and Limits in Finance III. Finance within the Catholic Social Teaching (CST) Frame IV. MacIntyre and the Characterization of Virtues in Finance V. Conclusion

  3. I. Introduction 1.“Is Financialization a Vice?” Tipping point?: objective standard (formula) subjective standard (agent’s desires) 2. Virtue ethics sources: Aristotle, CST, MacIntyre

  4. II. Aristotle: Context and Limits in Finance 1. Finance within Aristotle’s Political Architecture Politics: flourishing (eudaimonia) Ethics: internal/spiritual goods (virtues) Economy: external/material goods (wealth) Economy proper*: use Chrematistics*: production (Finance) *natural/proper or non-natural/improper? 2. Virtue as observance of natural/proper limits

  5. III. Finance within the Catholic Social Teaching (CST) Frame 1. Fundamental CST Principles and Finance human dignity, common good, universal destination of goods-private property-preferential option for the poor, subsidiarity-participation-solidarity -ve function: reject self-serving finance +ve function: set direction for integral human development 2. Subjve. dimension of work (knowledge, skills, virtues…)/ Objve. dimension of work (products, profits…)

  6. IV. MacIntyre and theCharacterization of Virtues in Finance • Practices (internalgoods, standards of excellence, coop.)/ • Institutions (externalgoods, effectiveness, competition) • Finance: resource-allocationfor “best use” • Location in narrativeunity of anindividual’swholelife • Conflictwithotheractors? (subordinate vs. boss) • Conflictbetween roles? (parent vs. professional) • Contextualizationthroughengagementwithtraditions • Traditions: communalmodes of moral inquiry

  7. IV. MacIntyre and the Characterization of Virtues in Finance Local bankMultinational Institution Face to face, long term Anonymous, web-based Customization Quotas for standard products Local business & commty. Off-shore, derivatives etc. Saying “no” Salesmanship Best practice? Narrative unity of individual life?

  8. V. Conclusion Characterizing virtues as: - goods internal to practice - goods of an individual life - goods of a community

More Related